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3911 Castleman Avenue

$895,000

3911 Castleman Avenue, St. Louis, MO 63110

Active
Last Updated: 04/04/2025

6.66

Cap Rate

59,598

NOI

Details:
Cap Rate:    6.66%
NOI:    $59,598
Building Size:    5,760 sqft
Occupancy:    100%
Units:    6
Highlights:
  • Beautiful, Renovated Historic 6 Unit Building
  • Solid In-Place Rents w/ Room to Raise to Market
  • In-unit Laundry and Central HVAC in All Units
  • Fully Updated Systems - Electrical, Plumbing
  • Near SLU, Tower Grove Park, Botanical Gardens, etc
  • All Two Bed, One Bath Units
Description:

Prime investment opportunity in the heart of the Shaw neighborhood with close proximity to SLU, Tower Grove Park, The Botanical Gardens and many wonderful dining and entertainment options. This beautifully renovated building features six, 2 bed and1 bath units. All units have in-unit laundry and central HVAC. The building has updated electrical, plumbing and HVAC systems. Rents are stabilized but have significant upside if a new owner decides to do some cosmetic updates.

The Shaw neighborhood in St. Louis, Missouri, is a charming and vibrant area known for its rich history, beautiful architecture, and a tight-knit community. Situated just southwest of downtown, Shaw is primarily a residential neighborhood that offers a mix of tree-lined streets, historic brick homes, and well-maintained gardens. It’s a popular spot for those seeking a peaceful, family-friendly environment with easy access to the city's amenities.

One of the key highlights of Shaw is its namesake, the Missouri Botanical Garden, which spans 79 acres and is a stunning attraction for both locals and visitors. The garden, one of the oldest botanical institutions in the United States, provides a serene escape and hosts a variety of events throughout the year, making it a central point of pride for the neighborhood.

Shaw’s residents enjoy a strong sense of community, with local businesses, cafes, and restaurants adding to the neighborhood’s charm. The area has seen significant revitalization in recent years, attracting a mix of young professionals, families, and long-time residents. Its proximity to Forest Park, the St. Louis Zoo, and cultural landmarks like the St. Louis Art Museum makes it an ideal place for those who enjoy the outdoors and cultural activities.

With its blend of historic architecture, green spaces, and close-knit vibe, Shaw is a distinctive and inviting neighborhood in St. Louis that offers both tranquility and convenience.

Map:
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Location
Gallery